Deutsche Bank AG Acquires 250,416 Shares of D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Deutsche Bank AG increased its stake in D.R. Horton by 20.7%, owning approximately 1.46 million shares valued at $185.79 million, representing 0.48% of the company's stock.
• D.R. Horton reported earnings per share of $3.36 for the last quarter, exceeding analysts' expectations of $2.90, although revenue decreased by 7.4% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, equating to a 1.0% dividend yield, with a pay date of August 14th for investors of record on August 7th.

Deutsche Bank AG increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 20.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,461,411 shares of the construction company's stock after acquiring an additional 250,416 shares during the period. Deutsche Bank AG owned 0.48% of D.R. Horton worth $185,789,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Edgestream Partners L.P. lifted its position in shares of D.R. Horton by 1,710.0% in the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock worth $13,678,000 after acquiring an additional 101,643 shares during the period. MQS Management LLC bought a new position in shares of D.R. Horton during the 1st quarter worth approximately $1,132,000. Leavell Investment Management Inc. lifted its position in shares of D.R. Horton by 19.8% during the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock worth $423,000 after buying an additional 549 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of D.R. Horton by 25.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock worth $325,000 after buying an additional 511 shares during the period. Finally, Bank Pictet & Cie Europe AG lifted its position in shares of D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after buying an additional 5,052 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Up 2.2%

Shares of NYSE DHI traded up $3.46 during midday trading on Tuesday, hitting $158.42. The stock had a trading volume of 2,854,905 shares, compared to its average volume of 3,788,174. The company's 50-day simple moving average is $134.86 and its 200 day simple moving average is $129.59. The firm has a market cap of $47.23 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 3.32 and a beta of 1.34. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same period last year, the firm earned $4.10 EPS. The business's revenue for the quarter was down 7.4% on a year-over-year basis. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. D.R. Horton's payout ratio is 12.83%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DHI shares. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Wells Fargo & Company raised their target price on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. BTIG Research cut their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. The Goldman Sachs Group cut their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Bank of America cut their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $153.23.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.